International edition
February 17, 2019

According to figures by the Division of Gaming Enforcement

Atlantic City Bounces Back with 4.6 Percent Revenue Increase in November

Atlantic City Bounces Back with 4.6 Percent Revenue Increase in November
Atlantic City’s casinos seem to have stabilized following a three-year period in which five casinos shut down, costing 11,000 jobs.
United States | 12/14/2017

For the first 11 months of the year, Atlantic City’s casinos have won USD 2.45 billion, an increase of 2.4 percent over the same period last year.

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nalyzing the figures from November, Atlantic City is glimpsing the light at the end of the revenue tunnel, with its casinos registering a 4.6 percent revenue increase in November, translated into USD 206.4 million stemming from the activities of the city's seven casinos, against the November 2016 figures of USD 197.2 million. The numbers offer further proof that Atlantic City’s casinos have stabilized following a three-year period in which five casinos shut down, costing 11,000 jobs.

The figures released Wednesday by the state Division of Gaming Enforcement do not take into account the former Trump Taj Mahal casino, which closed in October 2016 and is due to reopen next summer as a Hard Rock casino resort.

Other figures report that Internet gambling revenue was up 20 percent to USD 20.6 millio, followed by Resorts, which was up 18.6 percent to USD 14.9 million.

Bally’s (down 4.7 percent to USD 15.5 million) and Harrah’s (down 7.6 percent to USD 28.4 million) were the only two casinos to report monthly revenue decreases.

The Golden Nugget was up 15.2 percent to USD 23.6 million; Caesars was up 7.7 percent to USD 22.9 million; the Borgata was up 5.7 percent to USD 64.2 million; and the Tropicana was up 4.9 percent to USD 29.6 million.

For the first 11 months of the year, Atlantic City’s casinos have won USD 2.45 billion, an increase of 2.4 percent over the same period last year.

The Golden Nugget continues to lead Atlantic City’s internet gambling market, winning nearly USD 6.2 million online in November, an increase of nearly 63 percent over last year. It is followed by the Borgata at USD 4.2 million (up 12 percent). Resorts Digital, Caesars Interactive-NJ, and Tropicana all were closely clustered within the USD 3.5 million to USD 3.2 million range.

Yogonet.com/ The Daily Journal